National City Cracks Down On Gold-Buying Businesses

San Diego City leaders want to slow the increased interest in gold sales and purchases within city limits. All federal legislation is experimented with at the local level first, usually in California, to see how the populace reacts. FDR banned gold in the 1930s. Obama recently banned over-the-counter gold futures, but many people think he won't have the guts to actually seize the physical gold like FDR. When serious inflation hits, the state will get nasty.